The posting
Job Description
At SCOR Business Solutions, we offer a comprehensive insurance product range to address large corporate and industrial clients’ complex and evolving needs worldwide. We can do this thanks to our dedicated local expert teams, with an underwriting DNA based on technical expertise and in-depth industry knowledge. We are large but small working in a global product-oriented structure meaning that client not geography comes first.
We get excited about offering our clients a diversified and innovative range of insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.
The Group generated premiums of EUR 19.4 billion in 2023 and serves clients in around 160 countries from its 35 offices worldwide.
Responsibilities
No two days are the same, but that is how we become the experts that our clients expect to work with. Producing and managing your portfolios of accounts, through the strong market relationships you have is at the core of your role at SCOR. The guidelines we develop are built to support the underwriting business plan for your line of business, but you have the chance to do much more than that, by actively contributing to portfolio growth and diversification, supporting the overall organization strategy.
There is always a lot to do, but everything is linked to the overall results of SCOR Business Solutions, developing our market share, and enhancing our market image.
When you receive, select and evaluate offers of business from various sources, your role is to produce terms and to negotiate the bespoke wordings of the contracts. But we also want you to support the development of our submission pipeline and promote SCOR by pro-active marketing in line with the strategy and guidelines defined by us.
Business and Market relationships are key to yours and our success. By maintaining and developing these relationships with clients and brokers and attending broker and client hosted events, you get the chance to be part of our growth.
We want you to be curious and innovative. We see research and development as an important part of our work, with a desire to look at new areas of potential profitable growth.
It is also important to emphasize the importance of working as a team at SCOR. Whether it’s across underwriting, or working closely with Claims and Pricing, we are successful because of this collaboration.
Some of the expectations of your role are:
- Be part of the team delivering profitable growth and diversify the portfolio in accordance with strategy and in accordance with the SBS Insurance Guidelines and practices.
- Receive, select, and evaluate offers of business from various sources, calculate pricing, & negotiate conditions of the contracts.
- Take time to identify, research, develop and report on new areas of profitable growth.
- Be comfortable in marketing all SBS capabilities and product solutions to Corporate Risk Managers, Brokers and Ceding Companies with a specific emphasis Casualty.
- Develop marketing materials and intelligence documentation based on research and analysis of both the portfolio results and the market data.
- Provide technical expertise, best practices and mentoring to underwriters in the region that assist in sourcing new business opportunities.
- Collaborate with peers other regions to share market intelligence, best practices but most importantly ensuring that our underwriting methodology is consistent throughout the World.
- Assist other business lines in local market interactions to support cross-LOB growth.
- Collaborate with the Claims Function in negotiating/resolving the claims arising from your portfolio. ·
- Ensure data quality and reporting to all our IT systems.
Qualifications
- An Engineering or analytical degree preferred; other equivalent experience accepted.
- Strong underwriting experience across the market.
- High technical acumen of reinsurance and insurance principals.
You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.
Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
Hybrid Work Policy:
SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.
At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful – you.
Benefits We Offer • Medical, vision, and dental coverage • 401(k) Plan with a competitive match • Company-funded Defined Contribution Retirement Program • Life and AD&D insurance • Long- and Short-Term Disability • Flexible Parental Leave • Unlimited Sick Days • Volunteer Time • Summer Fridays • Learning & Development Resources • Personal Wellness Tools and Rewards • Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios • And More!
Pay Range for roles performed in Houston: $176,000-$238,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
About Us
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
